Why are there so many currencies in the currency circle, but only Bitcoin is the most well known?

Updated on technology 2024-06-10
13 answers
  1. Anonymous users2024-02-11

    I think the reason why Bitcoin is so popular is that it is more well-known than other coins. It may be because Bitcoin was the first to be produced and released in the virtual global market at that time, and it can be called the originator of today's virtual currency circle。So it was the first thing people came into contact with at that timeIn addition, with the gradual development of the economy, virtual currencies are becoming more and more numerous, and naturally not many people will fully understand these subsequent currenciesIn contrast, Bitcoin is more familiar, and the natural popularity is the highest.

    Bitcoin was originally proposed by a person called "Satoshi Nakamoto" or as a business, and according to his design, Bitcoin was different from most currencies at the time, and it did not rely on some specific monetary institutions to issue it. Therefore, Bitcoin is the beginning of virtual market money, and it is the existence of the original level.

    And at that time, Bitcoin had many advantages over other digital currencies, such as it could conduct peer-to-peer transactionsMoreover, his password design is also very scientific, which can ensure that all aspects of market circulation are very secure。And the founders at that time also paid attention to hunger marketing, and the number of bitcoins issued was not very large, and the scope of bitcoin redemption at that time was relatively broad, and almost the entire western world could be exchanged.

    Later, although the virtual world also issued a lot of virtual currency, it still did not have the impact of Bitcoin, I think it was because it was the first to create, not the follow-up. There are many subsequent coins, so it is difficult for people to remember, so they will only focus on it, which makes it so popular.

  2. Anonymous users2024-02-10

    First of all, Bitcoin is circulated internationally, and its publicity is greater than that of other currencies, and there are many people who know about it.

  3. Anonymous users2024-02-09

    Because he was the first to produce, and it is also the first virtual currency, he is so famous, but this is actually a hype.

  4. Anonymous users2024-02-08

    Because many people in the Bitcoin world know that, in addition to this, other currencies are also well-known to insiders.

  5. Anonymous users2024-02-07

    Because Bitcoin is known internationally and has a large audience, most people know that there is a Bitcoin.

  6. Anonymous users2024-02-06

    First of all, he is world-oriented, and he belongs to the nature of the Internet, so he is very well-known.

  7. Anonymous users2024-02-05

    In the beginning, there was only Bitcoin in the global virtual market, and only a few people believed in Bitcoin at the beginning.

  8. Anonymous users2024-02-04

    Because it is relatively simple to start, it is profitable to dig it out, and it will return to its original cost when it is dug up, so it is famous.

  9. Anonymous users2024-02-03

    BitcoinThe concept proposed by Satoshi Nakamoto, the father, is relatively good and has been recognized by many people across the country. Bitcoin is currently the most widely used digital currency. Born on January 3, 2009, it is a peer-to-peer (P2P) transfer of digital cryptocurrency with a total amount of 21 million coins.

    The Bitcoin network releases a certain amount of coins every 10 minutes, which is expected to reach its limit by 2140. Bitcoin has risen nearly 4.6 million times, and is known as the "digital" Chinese currency by investors. So far, the total market capitalization of Bitcoin has exceeded 374.8 billion yuan.

    Bitcoin is favored by technology enthusiasts due to its characteristics of decentralization, global circulation, low transaction fees, and anonymous circulation. Recently, traditional financial institutions such as Wall Street and central banks of many countries have begun to study Bitcoin blockchain technology, and the People's Bank of China has also announced plans to develop digital currency. Japan** officially recognizes Bitcoin as a legal payment method, and more and more Japanese merchants accept Bitcoin payments.

  10. Anonymous users2024-02-02

    Bitcoin is well-known worldwide, and it was the first to appear. The network, blocks, etc. are perfect, and the number of followers is also high, so the popularity is the highest. For example, Zhongyuan, the first number one platform to enter mainstream currencies such as Bitcoin and Ethereum, also started around 13 years.

  11. Anonymous users2024-02-01

    One is the encouragement of my creation, you don't know that I wrote this article for 8 nights,

    The second is to prevent you from looking at it next time but can't find it.

    6000 words of dry goods long article that can't be wrung out of water, the following is the table of contents part, we officially started, I hope you can double-click a wave.

    Table of Contents

    1. What other types of coins are there besides Bitcoin?

    Second, how to find a "good" mainstream currency second-tier mainstream Qiangzhuang copycat

    3. Ambush coin method (the time may be relatively long, but the benefits are also very large).

    1. What other types of coins are there besides Bitcoin?

    1.Mainstream coins, second-tier mainstream coins, strong village altcoins, CX air garbage coins, etc., what is the difference between them

    In the beginning, we had to sort out a concept first:Bitcoin was the first digital currency to be invented, and all other coins are "latecomers". Acre

    So there will be so many mainstream coins, altcoins, hotcoins, etc., they are all younger brothers, and Bitcoin can affect all coins. After clarifying the concept, let's flip down from the first place.

    We'll talk about it in a bunch of ways

    lMainstream coins

    The circles are all mainstream coins, each with its own application, so let's analyze itCharacteristics of mainstream coinsas well as excellentShortcoming.

    Summary:

    The characteristics of mainstream currencies are: controlled by large enterprises, large funds, and large villages, with high market recognition, large amount of funds, and high market value ranking.

    Advantages: You can do trend mid-term investment, if the entry point is right, there will be a relatively stable and huge return.

    Disadvantages: Because the market value of mainstream coins is relatively high, the profit cycle is generally relatively long, short for a few months, and the long may be smaller

    OKX Bitcoin is a digital currency

  12. Anonymous users2024-01-31

    Ingot coins, altcoins, litecoins, Q coins, US card coins, quark coins. Wait a minute.

  13. Anonymous users2024-01-30

    There are also many virtual currencies, such as Litecoin, US Coin, Quark Coin, Famous Coin, etc.

    U.S. Card Coins can be seen on U.S. Card China.

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